The economic crisis caused by the coronavirus has left its first victims in French football. In a statement issued a few minutes ago, the Girondins de Bordeaux has announced the departure of its owners, King Street, to leave the management of the club in the hands of the Commercial Court.
The decision, made by the president Fréderic Longuépée, is a consequence of the withdrawal of King Street as the majority shareholder. The American investment fund, which landed in the management of Bordeaux in 2018, had had financial problems in its management and had left the historic Frenchman on the brink of ruin.
“An ad hoc representative has been appointed who will be in charge of helping Girondins Bordeaux in its search for a lasting solution. These events are added to the economic consequences that have hit the clubs hard last season due to the cessation of Ligue 1 and the consequent loss of income, “said the statement issued by Girondins de Bordeaux a few minutes ago.
The situation for the South of France team this season is being dramatic, as the withdrawal from King Street is joined by a rather complicated sporting situation. This exit may force you to start in amateur categories. Girondins de Bordeaux are currently five points from relegation and has only added two victories in the last 11 games.
MADRID 4 Oct. (EUROPA PRESS) - Leganés faces Valencia on matchday 9 of LaLiga EA…
The king gift Juan Carlos He plans to write his memoirs and has been working…
Threatened by the mafia, Amalia of Holland, the first-born of Kings William and Máxima, has…
The soap opera of Bárbara Rey and Juan Carlos I Keep adding chapters. After the…
He access prime-time It's closer than ever. The war opened by the audience between Antena…
MADRID 3 Oct. (EUROPA PRESS) - The Real Madrid coach, Carlo Ancelotti, was "concerned" about…